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Bank Indonesia reportedly intervened in foreign exchange markets on September 9 to curb volatility in the rupiah. The central bank official confirmed the operation on September 10.
Central bank intervention to support the rupiah tends to limit its depreciation, which eases import cost pressure on Indonesian feed buyers. The effect on grain and oilseed prices is minor.
forexcrunch.comFX StreetSep 10, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
